What is Augmentic
Augmentic is a non-profit 501c3 corporation (est. 2013) whose mission is to create jobs and economic development in urban and rural areas throughout California. We do this by providing entrepreneurs with innovative mechanisms that create capital for, and financial assistance to, various business entities and interests.
Augmentic attained a unique IRS charter by successfully merging our mission with a proprietary business model that generates creative capital for new or existing businesses. This structure facilitates sales of highly appreciated assets to simultaneously prevent erosion from capital gains taxes and deploy fresh capital into one, or more, business entities. Consequently, these transactions generate new-found capital from two sources: From the restoration of principal, and, from the exclusive, atypical financing we provide.
Every Augmentic credit is tailored to the specific business objectives and characteristics intrinsic in each transaction. We specialize in non-traditional credit agreements with loan qualities and variables that include unsecured, interest only, and no prepayment penalties. As mandated by our charter, loan interest rates and fees are priced below market, and include favorable terms and conditions as well.
The goal is to convert our resources - capital, expertise and relationships - into outcomes that produce job creation, urban renewal, and facilitate sustainable economic growth within California.
The Augmentic Donor Fund relies on donations, grants and loans from individuals, families, financial, corporate, philanthropic and religious institutions, and government agencies. The goal is to convert our resources — capital, expertise and relationships — into outcomes that produce job creation, urban renewal, and facilitate sustainable economic growth within inner city and rural communities..